Corner Storefront Retail
New
For Sale
Contact for pricing
700-706 Allerton Avenue The, Bronx, NY 10467
Fully leased three-tenant retail asset anchored by two national bank branches.
Property Size10,411 SF
Lot Size0.25 Acres
Price / SF$1,229
Days on Market6
Property Features for 700-706 Allerton Avenue The
General Information
Standard status
Active
Size
10,411 SF
Lot size
0.25 Acres
Property subtype
Retail
Zoning
R6 with C1-3 overlay
Occupancy
100%
Net Operating Income
$735,750
Financials
Asking Price
$12,800,000
Cap Rate
5.75%
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Bank of America, Citibank
Building Details
Year Built
1923
Year Renovated
2007
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Jacob Ellman · License ##10401397574
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 13 at 6:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This single-story retail building at 700–706 Allerton Avenue, also addressed as 2560–2570 White Plains Road, contains 10,411 square feet across three storefronts. The property is 100% leased to Bank of America, Citibank, and Allerton Eye Care, with the two bank branches occupying 88.9% of the gross leasable area. The building was constructed in 1923 and renovated in 2007.
Set on an 11,000-square-foot corner lot, the property has 110 feet of frontage along Allerton Avenue and is zoned R6 with a C1-3 overlay. The Allerton Avenue subway station serving the 2 and 5 lines is positioned at the building line, with the station staircase landing 80 feet from the storefronts. Allerton Avenue, White Plains Road, and Boston Road converge within one block, while Bx25 and Bx26 buses stop at the curb. Nearby retailers include Key Food, CVS, McDonald's, Dollar General, Subway, and Walgreens.
Set on an 11,000-square-foot corner lot, the property has 110 feet of frontage along Allerton Avenue and is zoned R6 with a C1-3 overlay. The Allerton Avenue subway station serving the 2 and 5 lines is positioned at the building line, with the station staircase landing 80 feet from the storefronts. Allerton Avenue, White Plains Road, and Boston Road converge within one block, while Bx25 and Bx26 buses stop at the curb. Nearby retailers include Key Food, CVS, McDonald's, Dollar General, Subway, and Walgreens.
Key Highlights
- 10,411 square foot single‑story retail building on an 11,000 square foot corner lot
- 100% leased across three tenancies with no vacancy
- Bank of America and Citibank occupy 88.9% of gross leasable area
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,674
Businesses Nearby
235k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 40%
Groceries 20%
Fine Fare
Groceries
24,406 visits/mo
0.2 miles
McDonald's
Dining
22,197 visits/mo
0.1 miles
Dunkin' Donuts
Dining
22,165 visits/mo
0.4 miles
Bank of America
Shops & Services
21,263 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
17,184 visits/mo
0.3 miles
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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- Flower's — 600 Pelham Pkwy S, Bronx, NY 10462
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- MariaLuz Flower Shop — 2711 white plains rd, the bronx, ny 10467
Frequently Asked Questions
What type of property is this?
Storefront property - Fully leased three-tenant retail asset anchored by two national bank branches.
Where is this storefront property located?
The property is located at 700-706 Allerton Avenue The Bronx, NY.
What is the asking price?
The asking price for this property is $12,800,000.
What are key features of this property?
This property features: 10,411 square foot single‑story retail building on an 11,000 square foot corner lot; 100% leased across three tenancies with no vacancy; Bank of America and Citibank occupy 88.9% of gross leasable area
